this post was submitted on 23 Oct 2023
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DRS Your GME

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Community to discuss the DRSGME.org project and resources, and how to spread DRS advocacy and information to GameStop investors around the world.

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Special thanks go out to jackofspades, Bibic-jr, Chives, 6days1week and lawsondt for their contribution and support. Love you guys.

PREFACE – A quick little short squeeze

SOME OF THE GREAT DD AND ITS CONNECTION TO GAMESTOP AND THE STOCK MARKET

HOW LONGS WIN THIS WAR – SOMETHING THEY WILL NEVER FORGET

  1. What is a share and where is it held?
  2. How many entities technically have access to a share?
  3. Where are the shares traded and how is the price derived?
  4. How regular people think price discovery works and how it actually works?

WHAT NEEDS TO CHANGE FOR A FAIR MARKET

PREFACE – A quick little short squeeze

GameStop is what brought most of us here. I wasn’t really into GameStop and had experienced the short attacks and FUD on Tesla. So as Musk tweeted GameStonk!! [https://twitter.com/elonmusk/status/1354174279894642703] and Ihors3 with SI partners reported like 140% short interest [https://twitter.com/ihors3/status/1354477089471295492], I thought I had one short squeeze but how about a second one? A quick litte short squeeze cannot be wrong, can it?

I checked RC and Chewy and I thought I knew what I was doing clicking buy on my neo brokers interface. I thought I knew roughly how the market worked. I had shares before. I mean I thought I bought shares of US companies on the stock exchange.

Boy, I had no idea…

Credit to u/Mousiaris

So the price shot up and we won … oh no, actually brokers canceled the buy button for many stocks (https://twitter.com/magsonthemoon/status/1697231772252045333), the media tried to convince us that shorts closed (https://twitter.com/ihors3/status/1356261806612885509) and demonstrated that individual investors could never win in the current system.

And Just looking at the FTDs, volume, institutional ownership there are hundreds or even thousands of companies where the price is wrong (https://www.reddit.com/r/whydrs/comments/13ckpsz/unfinished_stonk_overview_for_days_w_ftd_10y/).

SOME OF THE GREAT DD AND ITS CONNECTION TO GAMESTOP AND THE STOCK MARKET

We learned from the Amazon Bust Out Scheme ™ (http://web.archive.org/web/20210601141915/https://www.reddit.com/r/Superstonk/comments/np33hr/amazon_bain_capital_and_citadel_bust_out_the/) that cellar boxing (https://investorshub.advfn.com/boards/read_msg.aspx?message_id=2543759) can be helpful to scoop up assets very cheaply. So big companies (like Amazon), lending banks, DTCC, shorts, corrupt board members, overpriced consultants, lawyers and corrupt politicians all profit from this.

The ones who lose are the bankrupted company, the employees who lose their job and of course us, individual investors.

Looking back to 2020 GameStop ticked all the cellar boxing boxes (https://www.reddit.com/r/Superstonk/comments/1663z0n/comment/jyhpdw5/):

This stock market is designed this way. Individual investors don’t own stock, we got beneficial rights (https://www.whydrs.org/why-register-shares) where with many, especially international brokers you can’t even vote or votes are cut due to over-voting (https://cdn.ymaws.com/stai.org/resource/collection/1DEFBE7C-390F-4D83-AE14-99E53B32892E/2019.12.3_SEC_letter_re_Proxy_concept_release.pdf). With naked shorts broker-dealers collect 100% of the profit while giving out counterfeit shares, keeping everything in case the company goes bust (https://finance.zacks.com/tax-stocks-exchanged-through-merger-acquisition-11818.html). And this is not one stock, this is the stock market (https://www.reddit.com/r/whydrs/comments/13ckpsz/unfinished_stonk_overview_for_days_w_ftd_10y/).

I strongly believe a lot of the over 180.000 long-term DRSd individual investors are here for system change. To stop this unfair and corrupt market. Like Elon said, he didn’t start the fight with the SEC but he will finish it (https://twitter.com/elonmusk/status/1496564151493304324). So we will with predatory short sellers.

Part 2: https://lemmy.whynotdrs.org/post/331878

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